The Guardian Business · Экономика · 3 ч назад
No bailouts for Jaguar Land Rover amid reports of thousands of job cuts, says minister
Carmaker, which is battling Trump tariffs and Chinese competitors, faces talks with union leaders and government The government has signalled that it will not invest taxpayers’ money to limit job losses at Jaguar Land Rover (JLR), after it emerged that the UK’s biggest carmaker is planning up to 4,000 redundancies. Before crunch talks on Tuesday between JLR, union leaders and government officials, the business secret…
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The business secretary, Jonathan Reynolds, told the BBC’s Laura Kuenssberg the focus should be on making the carmaker ‘as competitive as possible’. Photograph: Jeff Overs/BBC/PA View image in fullscreen The business secretary, Jonathan Reynolds, told the BBC’s Laura Kuenssberg the focus should be on making the carmaker ‘as competitive as possible’. Photograph: Jeff Overs/BBC/PA Jaguar Land Rover No bailouts for Jaguar Land Rover amid reports of thousands of job cuts, says minister Carmaker, which is battling Trump tariffs and Chinese competitors, faces talks with union leaders and government
Prefer the Guardian on Google The government has signalled that it will not invest taxpayers’ money to limit job losses at Jaguar Land Rover (JLR), after it emerged that the UK’s biggest carmaker is planning up to 4,000 redundancies .
Before crunch talks on Tuesday between JLR, union leaders and government officials, the business secretary, Jonathan Reynolds , said it was not his job to “intervene and run businesses”.
JLR, owned by the Indian conglomerate Tata Motors, told staff on Friday to expect a voluntary redundancy programme, as it tries to shore itself up against tough conditions with £1.7bn in cuts over two years.
The Coventry-based company is expected to provide further details on job cuts as soon as Monday, which could include an admission that compulsory job losses are possible.